Philip Morris: UBS maintains Neutral, lowers PT to $166 from $177

Philip Morris: UBS maintains Neutral, lowers PT to $166 from $177

Philip Morris International Inc. (NYSE: PM) has seen its price target lowered by UBS Group AG, which now rates the stock as "neutral" and has revised its target price from $177 to $166. This update comes amidst a flurry of activity in the company's stock, with several institutional investors increasing their stakes in the tobacco giant. According to recent filings, Driehaus Capital Management LLC boosted its holdings by 62.6% in the first quarter, while Okabena Investment Services Inc. increased its holdings by 52.0%.

The company reported earnings per share of $1.91 for the most recent quarter, which exceeded analyst estimates by $0.05. Revenue stood at $10.14 billion, slightly below expectations of $10.33 billion. Despite these figures, Philip Morris has been the subject of several analyst upgrades and downgrades. Citigroup, for instance, maintains an "overweight" rating on the stock, while JPMorgan Chase & Co. has increased its price target to $190.

Institutional investors hold a significant portion of the company's stock, accounting for 78.63% of the total shares. The latest dividend announcement reflects an annualized dividend of $5.40 per share, with a yield of 3.3%. Philip Morris has set its Q3 2025 guidance at 2.080-2.130 EPS, with analysts forecasting 7.14 EPS for the current year.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-philip-morris-international-inc-pm-position-increased-by-driehaus-capital-management-llc-2025-09-01/
[2] https://www.marketbeat.com/instant-alerts/filing-philip-morris-international-inc-pm-shares-acquired-by-okabena-investment-services-inc-2025-08-28/